Analysis of Exelon-Pepco Merger in Delaware

Delaware Department of Natural Resources
Project completed in 2017.

Synapse provided expert technical consulting services to the Delaware Department of Natural Resources and Environmental Control (DNREC) related to Exelon Corporation’s proposed acquisition of Pepco Holdings Incorporated. Specifically, Synapse reviewed the value of the benefits and commitments of the merger and concerns regarding concentration of ownership, market power, and market manipulation in the wholesale electricity market. Synapse submitted testimony in the legal proceeding on behalf of DNREC. Synapse performed similar analysis related to the merger on behalf of clients in Maryland, New Jersey, and the District of Columbia.

Related Publication(s):

Direct Testimony of Max Chang Evaluating Benefits and Commitments of the Proposed Exelon-Pepco Merger in Delaware Direct Testimony of Paul Peterson Regarding Concentration of Ownership, Market Power, and Potential Market Manipulation Related to the Proposed Exelon-Pepco Merger in Delaware